Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
21 April 2025 | Bitcoin

Bitcoin recovers amid weakening dollar

BTCEUR
BTCUSD
Bitcoin recovers amid weakening dollar

According to Bloomberg, bitcoin climbed to its highest price since Donald Trump's announcement of new import tariffs on April 2. The rebound came amid a decline in the dollar on renewed concerns about the US president's attempts to dismiss Federal Reserve (Fed) Chairman Jerome Powell.

The main cryptocurrency jumped about 3% to hit $87,600 on Monday morning trading in Asia, the news agency stated. Meanwhile, the dollar index reached its lowest level since January 2024 as a result of Friday's announcement by Kevin Hassett, director of the US National Economic Council, of Powell's likely dismissal.

Bitcoin's rebound happened alongside another spike in gold prices, Bloomberg reported. The yellow metal rose to a new record high, proving investors' growing demand for safe-haven assets.

Elena Berseneva MarketCheese

Recommended

United States. Natural Gas Storage. The value of the indicator has increased from -360B to -249B
Yesterday at 3:30 PM
South Africa. Mining Production. The value of the indicator has increased from -2.4% to 2.5%
Yesterday at 9:30 AM
South Africa. Gold Production (YoY). The value of the indicator has increased from -6% to 1.1%
Yesterday at 9:30 AM
United Kingdom. GDP (YoY). The value of the indicator has decreased from 1.2% to 1%
Yesterday at 7:01 AM
United Kingdom. Trade Balance. The value of the indicator has increased from -23.58B to -22.72B
Yesterday at 7:01 AM
Top news
United States. Nonfarm Payrolls. The value of the indicator has increased from 48K to 130K
11 February
United States. Unemployment Rate. The value of the indicator has decreased from 4.4% to 4.3%
11 February
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0%
11 February
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
5 February
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
5 February
All news

Forecasts

GBPUSD sell
Period: 20.02.2026 Expectation: 1130 pips
GBPUSD loses ground on lower expectations of Fed rate cuts
Technical analysis Indicators and reports FA Other Indicators Fundamental analysis
Today at 08:07 AM 4
Emily_Foster
Gold buy
Period: 28.02.2026 Expectation: 12000 pips
Buying gold up to $5,100
Indicators and reports Chart analysis
Today at 07:11 AM 5
McCarthy_Raymond
Natural gas sell
Period: 19.02.2026 Expectation: 500 pips
Selling natural gas amid milder weather and higher production
TA Other Technical analysis Indicators
Yesterday at 10:40 AM 51
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
ETHUSD buy
Period: 19.02.2026 Expectation: 18000 pips
Investing in ETHUSD on current slump before momentum picks up after selloff ends
Technical analysis Indicators and reports FA Other Indicators Fundamental analysis
Yesterday at 09:19 AM 35
Emily_Foster
S&P 500 buy
Period: 31.05.2026 Expectation: 2000 pips
Keep buying SPX
Indicators and reports Chart analysis
Yesterday at 07:55 AM 26
McCarthy_Raymond
EURUSD buy
Period: 31.03.2026 Expectation: 290 pips
Buying EURUSD upon reaching 1.19280
Indicators and reports Chart analysis
Yesterday at 06:15 AM 20
Bruce_Powers
Go to forecasts